So you and Ted feel that paying approximately 20% of the purchase price of the cheapest Tesla in the form of a tax credit (the only way his low-end vehicle can achieve a competitive price point in comparison to conventional cars) is a good idea ? You guys are with 'saders here ?

So you and Ted feel that paying approximately 20% of the purchase price of the cheapest Tesla in the form of a tax credit (the only way his low-end vehicle can achieve a competitive price point in comparison to conventional cars) is a good idea ? You guys are with 'saders here ?

So you and Ted feel that paying approximately 20% of the purchase price of the cheapest Tesla in the form of a tax credit (the only way his low-end vehicle can achieve a competitive price point in comparison to conventional cars) is a good idea ? You guys are with 'saders here ?

You do realize the tax credit isn't worked into the advertised price, right? The Model 3 base model is $35k before the tax credit.

Car was designed and priced to be competitive without the incentive, which is only good on the first 200,000 U.S. cars that any manufacturer sells. Also, Tesla sales has been telling potential buyers they expect the credit to run out in 2017.

Over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour), Bloomberg data show. At this pace, the company is on track to exhaust its current cash pile on Monday, Aug. 6. (At 2:17 a.m. New York time, if you really want to be precise.)

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But still, its need for fresh cash came into high relief last week when Musk unveiled his latest plan to raise funds. Heís asking customers to pay him upfront to order vehicles that may not be delivered for years.

The souped-up Roadster will cost buyers a $250,000 down payment even though itís not coming for more than two years. That might generate $250 million; orders for the ďfoundersĒ Roadster are capped at 1,000. And companies can pre-order electric Semi trucks for $5,000. They donít go into production until 2019.

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.......Itís blowing through more than $1 billion a quarter thanks to massive investment in making the Model 3, a $35,000 car thatís looking less likely to generate a return anytime soon.

ďWhether they can last another 10 months or a year, he needs money, and quickly,Ē said Kevin Tynan, senior analyst with Bloomberg Intelligence, who estimates Tesla will be required to raise at least $2 billion in fresh capital by mid-2018.

I just don't see this line being able to overtake a diesel engine on longevity. Those things can get over a million miles on them easily before the engine gives out. Would be cool if they were to make a semi truck in the future that will last longer than a diesel engine

In the quarter ended June 30, Tesla had a net loss of $717.5 million, or $4.22 per share, wider than its loss of $336.4 million, or $2.04 per share, a year ago.

Revenue rose to $4.00 billion from $2.79 billion a year ago, and outpaced analysts estimates of $3.92 billion.

The company burned through more than $700 million in the quarter, a drop from the more than $900 million it spent in the first quarter. Many analysts think the company will have to raise fresh capital by the end of the first quarter of 2019.

In the quarter ended June 30, Tesla had a net loss of $717.5 million, or $4.22 per share, wider than its loss of $336.4 million, or $2.04 per share, a year ago.

Revenue rose to $4.00 billion from $2.79 billion a year ago, and outpaced analysts estimates of $3.92 billion.

The company burned through more than $700 million in the quarter, a drop from the more than $900 million it spent in the first quarter. Many analysts think the company will have to raise fresh capital by the end of the first quarter of 2019.

Iím not a Tesla investor, but how long ago was it people said the same about Amazon and Google? The market views it as a transformative company.

Iím not a Tesla investor, but how long ago was it people said the same about Amazon and Google? The market views it as a transformative company.

That's why I put Wall Street loves it. The comparisons to Amazon are striking (huge quarterly losses, burning through cash, stock keeps going up, etc) with the exception that Amazon was primarily a broker early on but Tesla has had huge capital expenditures in their infancy. The biggest difference I see is Amazon could grow through buying smaller companies to increase market share whereas Tesla buying a "smaller" vehicle manufacturer like Mazda or Fiat or whoever doesn't help them sell more electric cars. Either they end up like the Amazon of vehicles and dominate the market or end up like Enron (I can't think of a better example everyone would know) and it all comes crumbling down very quickly.